7. CONSIDER
APPROVAL OF FIRST QUARTER INVESTMENT REPORT
Meeting
Date: December 15, 2003 Budgeted: N/A
Program/Line Item No.: N/A
Staff
Contact:
Rick Dickhaut Cost
Estimate: N/A
General
Counsel Approval: N/A
Committee
Recommendation: The Administrative
Committee reviewed this item on December 9, 2003 and recommended approval.
CEQA
Compliance: N/A
SUMMARY:
The District’s investment policy requires that each quarter the Board
receive and approve a report of investments held by the District. Exhibit 7-A is the report for
the quarter ending September 30, 2003.
District staff has determined that these investments include sufficient
liquid funds to meet anticipated expenditures for the next six months. This portfolio is in compliance with the
current District investment policy, the California Government Code, and the
permitted investments of Monterey County.
RECOMMENDATION: The
Administrative Committee considered this matter at their December 9, 2003
meeting and voted 2 to 0 to recommend approval. This item will be approved, if it is adopted with the Consent
Calendar.
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